Article: Coyne tries to ease mandates on muni bonds. (Representative William Coyne)

Rep. William Coyne (D-Pa.) last week introduced comprehensive NLC-supported legislation to ease current federal mandates on municipal issuance of tax-exempt bonds and to create a new kind of tax-exempt, municipal bond to help distressed cities and towns.

Introducing the municipal investment and mandate relief bill, Coyne said he was aiming to simplify the confusing, needlessly complex, and expensive provisions of the current law and regulations. He also indicated he wanted to provide new economic development tools for "communities that have been hard hit by population loss, job loss, slow growth, or military base, closings."

While many of the mandate ...

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